Helen Butler v. KBK Outdoor Advertising

Syllabus

A widow sued to recover the value of her late husband's interest in a general partnership. She argued that, in compensating a deceased partner, the assets of the partnership had to be valued at fair market value. On a motion for summary judgment, the trial court concluded that the partnership agreement provided that, upon a partner's death, partnership assets would be valued at book value. After our review of the partnership agreement, we reverse.